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Business

Latest Business News in Iran – News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.

Energy

Iran to Produce Customized Oil in Two Years: Official

IFP Media Wire -
Managing Director of the Iran Oil Terminals Company (IOTCO) Pirouz Mousavi said Iran is going to start producing customized oil in two years.
Energy

Petchem Export Integration Is Top NPC Priority

IFP Media Wire -
Marziyeh Shahdaei, Deputy Petroleum Minister in petrochemical affairs, says talks are under way with leaders of Iran's petrochemical holdings in a push to bring their exports together.
Transportation

FM Spokesman: Iran Pursuing Airbus Planes Delivery

IFP Media Wire -
Iran is pursuing the delivery of the civil aircraft it purchased from France’s Airbus through diplomatic channels, the Foreign Ministry spokesman said on Monday May 6.
Industry

Iran and Peugeot Launch New Talks

IFP Media Wire -
The Deputy Industry Minister described the details of Iran’s new negotiations with France’s Peugeot over automobile parts manufacturing.
Economy

Economy Minister Predicts 5% Economic Growth

IFP Media Wire -
Economy Minister Ali Tayyebnia said on Monday May 6 that Iran’s economy will grow by 5% in 2016-2017.
Industry

Oil Accord Sealed with S. Korea’s SK Energy

IFP Media Wire -
The first ever agreement to develop and optimize Iranian oil refineries has been inked with South Korea’s SK Energy.
Agriculture

Iran Could Increase Its Share in Global Date Market

IFP Media Wire -
A Danish manager said Iran could increase its share in the global market by exporting dates and nuts, it was announced on Monday May 6.
Energy

Deputy Petroleum Minister Calls for Change in Oil Export Route

IFP Media Wire -
Deputy Petroleum Minister and Managing Director of the National Iranian Oil Refining and Distribution Company Abbas Kazemi called for a change in the oil transfer route in order to facilitate export.
Finance

Iran to Set Up Offshore Bank in Kish Island: Report

IFP Media Wire -
Iran plans to open an offshore bank in the southern island of Kish “within a month” in a bid to facilitate its trade transactions and process international payments, a report said.
Agriculture

Iranian-Made App Predicts Tree Damage

Golrokh Askarieh -
Derakhtban is an Iranian-made mobile application that can predict the date and time trees being uprooted or broken with 87% precision.
Energy

Iran LPG, Sulphur Exports Up

Golrokh Askarieh -
The Managing Director of the National Iranian Gas Company says Iran has raised its liquefied petroleum gas (LPG) and sulphur exports, which has been caused by eased restrictions on shipments.
Industry

Boeing-Airbus Rivalry for Iranian Market

Golrokh Askarieh -
An aviation official outlines the intense competition between Boeing and Airbus as a barrier to the purchase of aircraft from the European company.
Energy

NIGC Urges Staff to Protect Environment

Golrokh Askarieh -
Managing-Director of the National Iranian Gas Company Hamid-Reza Araqi, in a message released on Sunday May 5, urged NIGC staff and officials to protect the environment and avoid polluting nature.
Economy

Economic Official: First Stage of JCPOA Successful

Golrokh Askarieh -
A Member from Iran’s Chamber of Commerce said on Sunday May 5 that the Joint Comprehensive Plan of Action (JCPOA) has been successful in its first stage so far.
Economy

Supreme Leader Highlights National Importance of Economy

Golrokh Askarieh -
Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei highlighted the importance of the economy for Iran.
Energy

Larijani Invites Minister to Brief Parliament on New Oil Contracts

Golrokh Askarieh -
Majlis Speaker Ali Larijani invited Petroleum Minister Bijan Zangeneh to attend a parliament session to brief members on new oil contracts.
Energy

Turkish Firm Signs $4.2bn Power Plant Deal with Iranian Energy Ministry

Golrokh Askarieh -
A major Turkish energy company has finalized a $4.2bn deal with Iran's Energy Ministry to set up seven natural gas power plants in the Islamic Republic.
Transportation

20% Increase in Rajaie Port Activity

Fatemeh Askarieh -
Director General of Hormuzgan Province’s Ports and Maritime Organization Ehrahim Idani said container operations in Rajaie port have increased by 20% in the past two months, as compared with the same period last year.
Agriculture

Iran Exports $15m Saffron in 1 Month

Golrokh Askarieh -
An official said Iran exported more than 10 tons of saffron, worth $15m dollars, in the first month of the current Iranian year (March 20-April 19, 2016).
Agriculture

Iran’s Beauties in Photos: Pomegranate Blossoms

Fatemeh Askarieh -
Iran's Zagros Mountains, which run across the country from the northwest to the south, are famous for being a perfect habitat for pomegranates, which are known in Persian as Anar.
Americas

Zarif Urges US to Remove ‘Psychological Banking Barrier’ in Trade with Iran

Golrokh Askarieh -
Iranian Foreign Minister Mohammad Javad Zarif said there is a “psychological barrier” in trade with Iran, stressing that Washington should give international banks reassurances that they can resume business with the Islamic Republic.
Economy

First VP Embraces MP’s Criticism of Oil Contracts, Calls for Amendments

IFP Editorial Staff -
In a rare move in the history of Iranian administrations, First Vice-President Eshaq Jahangiri warmly welcomed a recent letter by the outspoken former MP Ahmad Tavakkoli which criticized the Oil Ministry’s new contracts, and asked Oil Minister Bijan Zanganeh to correct them accordingly.
Energy

Iran and Russia in Talks over Electricity Exchange

Golrokh Askarieh -
A new report says Iran and Russia are in final talks over high-season electricity exchange.
Europe

Portugal Calls for Tehran-Lisbon Direct Flights

Golrokh Askarieh -
Portuguese Deputy Foreign Minister Jorge Costa Oliveira called for bolstering relations with Iran, especially in the field of communications, and establishing direct flights between the two countries.
Economy

Iran-Sweden Trade Meeting Opens in Stockholm

Golrokh Askarieh -
An Iran-Sweden trade meeting opened on Wednesday June 1, attended by 230 Iranian and Swedish economic figures.
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